Penfund Capital Fund VII holds 2nd close with over $1B in total commitments

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By Ted Liu

Penfund has held a second close for its seventh fund, Penfund Capital Fund VII with over $1 billion total capital commitments.

Launched in the summer of 2021, Fund VII is targeting $1.5 billion in total capital commitment.

Penfund’s sixth fund final closed in January 2019 with committed capital of $1.15 billion, exceeding Fund VI’s original fundraising target of $900 million.

Fund VII is led by General Partners (GPs), Richard Bradlow, Adam Breslin, Nicole Fich, and Jeremy Thompson.

Toronto based Penfund is a leading provider of junior capital to middle market companies throughout North America.

photo credit: Penfund